Monday, December 15, 2008

Rupee against dollar once more under pressure


Updated at: 1159 PST, Tuesday, December 16, 2008 KARACHI: The value of rupee against dollar once more seen struggling under severe pressure since last two days, following yesterday’s index ‘floor’ removal from the stock markets, as the inter-bank dollar exchange rate cross passed the psychological barrier of Rs80.Rupee once more continued to depreciate in the inter-bank and local markets after nearly a month long thaw, which saw the dollar breaching even the Rs80 level and was selling at Rs80.30.

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